Shell Says Oil, Gas Resources Offshore Norway Are Considerable
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Royal Dutch Shell Plc said undiscovered petroleum resources in Norwegian waters remain “considerable” after Europe’s largest oil company had a disappointing well offshore the Nordic country.
“The exploration potential in Norway and the scale of the areas involved and the proximities to markets is very, very great,” David Loughman, head of Shell in Norway, said today in an interview in Oslo. “People talk a lot about unconventional gas, but the undiscovered potential in Norway remains considerable. The question is all about access to those areas.”